KKR to take 25% stake in Eni biofuel unit in $3.17B deal

seekingalpha
2024-10-24

Aliaksandr Litviniuk/iStock Editorial via Getty Images

Eni (NYSE:E) said Thursday it agreed to sell a 25% stake in its Enilive biorefining company Enilive to KKR (KKR) for €2.94B (~$3.17B), giving the division a valuation of €11.75B, and will inject €500M into the unit to make it debt-free.

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